DESFA profits total 52.7 million euros in 2010

Profits of the Hellenic Gas Transmission System Operator (DESFA) amounted to 52.7 million euros in 2010, increased by 56.1 percent compared to the previous year, according to the balance sheet approved on Thursday by the company's board.

Profits of the Hellenic Gas Transmission System Operator (DESFA) amounted to 52.7 million euros in 2010, increased by 56.1 percent compared to the previous year, according to the balance sheet approved on Thursday by the company's board.

DESFA's revenues reached 225.4 million euros, marginally down compared to 2009, while annual expenditures totalled 172.7 million euros, down by 22.9 million euros.

The budget for 2011, also ratified by the board, anticipates a further increase in pre-tax profits by 22 percent compared to the 2010 fiscal year.The focus of DESFA's investments, according to a relevant announcement, is the further strengthening of the infrastructures of the LNG terminal at Revythoussa isle, and the completion of natgas pipelines in the Peloponnese and Evia island.